Major City banks nervous about Brexit’s impact on their EU business are eyeing lower-cost locations for operations centers – any maybe new headquarters.Big London banks have started building up operations in the somewhat surprising location of Wroclaw, Poland. While several banks have announced major expansions in the Silesian city. Source TOL
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Foreign holdings of German government bonds have fallen to their lowest since before the financial crisis in 2008, data suggests, a potential headache for the European Central Bank which buys the bulk of assets for its stimulus scheme from among the debt. Source Reuters
According to Bild, the field officer said during a seminar on May 12th that: “I’m fed up that 200,000 soldiers have been placed under general suspicion because of two crazy guys. The Defence Minister has lost all credibility for me – we need to address that or have a putsch.” Source The Local
A joint project between China and Russia to build a C929 superjet is currently progressingsmoothly through research and development, according to Jin Zhuanglong, chairman ofthe Commercial Aircraft Corporation of China (COMAC). The fuel-efficient plane will reportedly compete with Boeing’s 787 Dreamliner. Source People’s Daily